[Contagion] SHOW ME THE MONEY! Some Evergrande investors have yet to receive their coupon payment 30 days after if was due.

Sharing is Caring!

by laflammaster

Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace period, putting the world’s most indebted property developer on the brink of its first default on offshore notes. S&P Global Ratings said default “looks inevitable.”

A group of Kaisa Group Holdings Ltd. bondholders have sent the beleaguered property firm a formal forbearance proposal, which may buy some time and help it avoid a default on $400 million dollar bonds due Tuesday.

See also  The Pentagon Thinks 7-Year-Olds Can Make the Decision to be Transgender and Receive Irreversible Treatments

www.bloomberg.com/news/articles/2021-12-07/coupon-deadlines-near-kaisa-deferral-offer-evergrande-update

www.reuters.com/world/china/developer-china-evergrandes-shares-set-rise-66-restructuring-looms-2021-12-07/

finance.yahoo.com/news/explainer-whats-next-china-evergrande-064158066.html

 

Trending:
See also  Schwab is defaulting cash positions to Bank Sweep (0.45% interest rate) as opposed to Money Market Funds (4.8%).

Views: 9

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.